Investment Overview

Marcus & Millichap is pleased to exclusively offer this single-tenant industrial property leased to Pilot Seasoning Company located in Middlebury, Connecticut. The subject property is a 16,000-square-foot facility sitting on 1.94 acres, located off Interstate 84 on North Benson Road. There is over one year remaining on a triple-net (NNN) lease with three percent annual increases. There no renewal options. This property was built in 1983 and features pre-engineered steel with decorative block façade. The property has one dock door, one roll-up door, and the roof is low-pitch metal panel. Amodio’s, Inc. dba Pilot Seasoning Company is primarily engaged in manufacturing prepared foods and miscellaneous food specialties, not elsewhere classified, such as baking powder, yeast, and other leavening compounds; peanut butter; packaged tea, including instant; ground spices; and vinegar and cider. This also includes manufacturing dry preparations, except flour mixes, consisting of pasta, rice, potatoes, textured vegetable protein, and similar products which are packaged with other ingredients to be prepared and cooked by the consumer. Middlebury is a town in New Haven County, Connecticut. It is a suburb of the nearby city of Waterbury to its south and is on the northern fringe of the New York metropolitan area. Middlebury is a vibrant, upscale suburban community with small town charm and a sense of Americana while providing 21st century facilities and services. Access to major highways, Waterbury-Oxford Airport, Metro North Railroad, and CT-Transit bus service makes Middlebury attractive to retailers, corporate and professional offices, light manufacturing, and hospital venues.